PLP-078 Loan Application Guide & Checklist
I've always said that when it comes to a loan, I like to first look at the person, then look at their process and then the property. And that's what I lay out in this checklist. You want to know how much real estate investing experience your borrower has, whether they're just starting off. If they're new, politely send them over to hard money lenders. That's what they're there for is to really help new people, new people, newbies, first-timers, be successful and let them do it with hard money - not yours.